Qian, Yanmin; Tian, Yao; Wirjanto, Tony S. - In: China Economic Review 20 (2009) 4, pp. 662-676
We study the determinants of capital structure for 650 Chinese publicly listed companies over the period from 1999 to 2004. We posit that a firm's decision on capital structure is inherently dynamic, and estimate the resulting dynamic capital structure model. The main findings of the paper are...